Should Landlords Use A Company To Purchase BTL Property?

As far as I’m concerned, the biggest drawback to buy to let investors is the huge tax implications. You could potentially end up paying a massive 40% of your profits because of capital net gains. That’s a lot of lost profit (politicians may disagree- but who cares?).

There are many reliefs and deductions you can claim and there is plenty of scope for constructive capital gains tax planning. However, a personal favourite option of mine is to use a company to hold the properties. Consequently, you could end up with as much as 47% more profit after a few years.

So what exactly am I suggesting? Start up your own company and get the company to hold the properties to take advantage of cooperation tax and dividends, amongst other benefits.

Advantage of Using a Company to Invest in Property

The main reason to use a company to invest in property is the benefit of taking advantage of corporation tax rates and dividend tax rates, which are substantially lower than income tax and capital gains tax rates.

– Transferring Ownership
If for example you want to gift a property to your son, then this will incur a capital gains tax liability if held outside the company. However, if you have the property inside a limited company, your son can subscribe for some shares.

If this is done then the ownership can pass to your son tax-free, as the value of the transfer can be held over for capital gains tax purposes.

– Lower Tax Rates
As a higher rate taxpayer, you pay 40% on your profit and gains. For a limited company, the tax rates are between 0% and 30%, a considerable saving!

– Dividends
A limited company can pay out profits in the form of dividends to shareholders, which attract under present legislation no National Insurance Contributions. You can use this to determine the income you receive in a particular year. So some years you may take money and some years you may not. You only pay tax on the amounts you take. As an individual you are taxed on all your income whether you want it or not!

Although, dividends is still taxable; the rates are still lower than capital net gains IF you plan on selling the property under 10 years of ownership. Here’s a good article on dividends tax explained. I say under 10 years because a personal owner of a property can take advantage of taper relief after 10 years of home ownership while companies cannot.

The rate at which dividends tax is payable depends on the amount of a companyâ€™s profits for the financial year in question.

Dividend income in relation to the basic rate tax band

Tax rate applied after deduction of personal allowance and any blind person’s allowance

Dividend income that falls below the £34,600 basic rate tax limit

10%

Dividend income above the £34,600 basic rate tax limit

32.5%

Base rate of corperation tax is 30%, but there’s a reduced rate for small companies. Coroperation tax rates:

Rates limits and fractions for financial years starting 1 April

2007

Main rate of corporation tax

30%

Small companies’ rate (SCR)*

20%

SCR can be claimed by qualifying companies with profits at an annual rate not exceeding

£300,000

Marginal small companies’ relief (MSCR) lower limit

300,000

MSCR upper limit

£1,500,000

MSCR fraction

1/40

Special rate for unit trusts and open-ended investment companies

20%

* For companies with ring fence profits the small companies’ rate of tax on those profits remains at 19% and the MSCR fraction 11/400 for financial year 2007 starting 1 April 2007. Ring fence profits mean the income and gains from oil extraction activities or oil rights in the UK and UK Continental Shelf.

The main rate of corporation tax applies when profits (including ring fence profits) are at a rate exceeding £1,500,000, or where there is no claim to another rate, or where another rate does not apply.

Now compare those to income tax:

Income (£)

Tax rate (%)

0 – £2,230

10%

£2,231- £34,600

22

Over £34,600

40

1,500,000

30

Ultimately, what is left remaining, if any, after taking your dividends, the remaining profit will be liable for cooperation. Corperation tax is the tax that the company pays on its profits and dividends are monies taken out of profits that are paid to shareholders. How you decide to extract profits depend on how much you earn, and how much profit your company makes, how many expenses you have- that’s where a good accountant is handy. However, if your annual income is below 34.6k, it makes a lot of sense to pay yourself dividends to bring you up to the line, and declare the rest as company profit and pay cooperation tax on the remaining.

– Property Development Profits
Property development is a trade. Using a limited company will help you keep much more of the profit to use in the next development! If you’re receiving 100% profit from rental income (i.e you have no mortgage on the property), then the money you receive could go towards the deposit on another property under the name of the company (but the profit will still be liable for coroperation tax, unless you put the money down as a deposit before the end of the tax year). Otherwise, using the money as profit can be declared as dividends.

– Property Management Company
The use of a property management company can save considerable amounts of tax where it is not possible or desired to hold the properties within a limited company.

– Limited Liability
Imagine you buy a buy to let property, and your tenant has an accident, falling down the stairs of the property as one of the steps was not properly maintained. He successfully sues you and not only do you lose the property to pay for the settlement, but you have to sell your own residence as well! This can be avoided by owning the property in the limited company, where the company has LIMITED LIABILITY!

Disadvantages of Using a Company to Invest in Property

The company itself would be charged to corporation tax on the gain arising, and in addition, as already explained, you would be charged to income tax on the receipt of the dividend if you extract the remaining proceeds from the company.

If you are planning to occupy the property as a main residence, then using a company would not be beneficial. The company would not be able to claim PPR (principal private residence) relief on a future disposal. Additionally, you would be charged to UK income tax on a benefit in kind arising from the provision of accommodation by the company (unless you paid the company a market rental).

Companies are exempted from taper relief.

Who should consider using a company to save tax?

The decision as to whether a company should be used to hold the new investment property will essentially depend on your future intentions.

If you are more concerned about minimising taxes on any ongoing rental income the company may be the most tax efficient option, particularly if the profits are retained within the company for the purchase of additional properties. The company rate of tax (20%) would be much less than the higher rate of income tax the owners would suffer (if higher rate taxpayers). If profits were extracted the additional income tax payable on receipt would eliminate much of the benefit, but if the profits were retained in the company there would be no additional taxes. This is the real advantage of using a company.

In summary, where possible capital treatment should usually be aimed for those wanting to minimise the tax payable. If a significant gain is expected to be made when selling the property, particularly for long-term investment properties, then personal ownership is usually preferred.

Is it Easy to Start a Company?

Starting and running a company in the UK is cheap and easy. It costs about £100 to set one up and to have a set of annual accounts produced can end up costing no more than £500. That’s a relatively good investment considering you stand to save thousands with the benefit of cooperation tax.

Final note

In all cases you need to compare dividend tax to capital gains to corperation, to work out which will benefit most. In my personal case, I plan on keeping my properties for over 10 years, so I’m going to benefit from taper relief- I won’t need to start a company. But for those that don’t have a mortgage and receive rental income, it’s well worth starting a rental company. If you plan on selling property that you haven’t owned for more than 10years, it also might be worth starting a property company so you can benefit from coroperation tax rates or tax on dividends rates.

I would definitely suggest seeking advice from a well-experienced accountant, because they can calculate which options will benefit you most.

Disclaimer: I'm just a simple landlord blogger, I am not qualified to give legal or financial advice. Any advice I give is my opinion based on my experience, and is never legal or professional advice. You should always get professional advice on any legal and financial matters!

56 Comments- Join The Conversation...

Showing 6 - 56 comments (out of 56)

Tony13th July, 2010 @ 14:58

This sounds like the route myself and my partner should be taking. We currently have 2 investment properties and are looking to incraese that by another 2. One question, how do you actually fund the properties. If the properties are on buy-to-let mortgages which are tied to the my name, would that cause an issue if they are held with in a company?

6

Jools13th July, 2010 @ 16:51

Yes! B2L mortgages for limited companies are almost non existent and if they are available they are very expensive!

Especially in this climate, you need to take professional tax advice on your portfolio and investment planning.

Cheers

Jools

7

craig3rd September, 2010 @ 15:01

Can you expense your mortgage payments so as not to pay corporation tax on them?

Cheers

Craig

8

Bill19th January, 2011 @ 22:11

Of course if a compnay has aloan at interest it can set the loan interest off against its profits to pay a reduced amount of corproation tax (which is payable on the letting and other profits of the company. However loans held in a shareholder or directors name could cause problems -especially if the company paid the interest either to or for the shareholder or director. Effectively the director would be chargeable to tax on the interest but would not be able to claim any reduction for the interest he/she pays on their personal loan (i.e. there was no loan advanced to the director/shareholders close tradign company as letting is not trading

9

Billy28th January, 2011 @ 11:52

Is it possible then to maintain ownership of properties then let to a limited company (owned by yourself) and then have the limited company let to the tenant? Profits then could be kept in the company and drawn out when you require.

10

Bill28th January, 2011 @ 13:08

So you think the taxman is going to be happy for you letting your company use your assets for no consideration and without you suffering tax on the rents that would be payable to you. How are you going to get round the income shifting avoidance legislation?

11

KIM25th March, 2011 @ 11:46

i a a owner of aunoccupied property. numerous attempts to fix it up as failed due to shit builders and now the council and my lovely neighbours have flytipped and fined me a ridiculoues amount. i currently have a 11grand flytippng fine and randomly cuncl tax fines (when my property is put down as an empty property band a ) what do i do.te fines are building up monthly!!!! i simply cannot afford to pay it let alone do up my house. i really need some advice

12

Rohan30th June, 2011 @ 10:49

I have a property which is rented and I have a ltd company which I use to provide consulting services. I would like to buys more properties for rent.

How easy or difficult is it to tranfer property into ltd company? I own 100% of both.

13

Andre Roberts6th July, 2011 @ 13:31

I have a number of properties which I own, some let for holidays and others under short domestic tenancy agreements, I also carry out some property development and project management. Can I bring this all under the banner of one limited company even though I own the properties, so that the new company would then run the day to day business but not own the property. I have been told that I cant own a property and be a director of a company managing the property, but i don't really want to run things as part limited and part sole trader. Sorry hope this is clear

14

Raj19th August, 2011 @ 15:20

Thanks for the great article. just a little query,in the above article it said that upon transfering ownership the capital gains can be held over. I thought that hold over relief is only available to trading companies and not investment companies. A company with the sole purpose of letting property whould be classifed as an investment company would it not?

15

Bill19th August, 2011 @ 19:57

you are correct Raj

16

Robert2nd November, 2011 @ 17:02

I currently have a limited company for providing consultancy services. Given this only keeps me occupied half my time I would like to branch out into property investment.
At the moment i have one investment property held privately.
Please comment is it practical for me to use the existing consultancy company for the property investments and hence use any residual consultancy profits to fund the investments. Any thoughts appreciated.

17

Cardifflandlord2nd November, 2011 @ 18:01

Robert,

FSA has rules about non licensed people giving financial advice so all I would say is go and speak with your accountant regarding this.

personally I too have a Ltd company for my renovations but rentals go through me privately because at the time the corporation tax was greater than the liabilities that would be incurred privately.

Hugely complicated area that if you get wrong will cost you thousands. Seek professional advice before doing anything.

18

Stephen10th August, 2012 @ 23:01

My Father owns many rented homes and is paying ridiculous tax, I'm trying to reduce his tax bill and a LLC could be the way, but would he have to sell the houses to the LLC and pay large CGT? Some houses have more than doubled since bought. He is also self-employed, could he put his wage into the LLC also? Then could he not pay himself and my Mother PAYE upto the limit before taxation, and dividends when needed? Do you know any books for him to read on this subject? Sorry for so many questions.

19

PeterPeterP19th September, 2012 @ 12:54

We have a limited investment company that purchased a property some 20 years ago. If we were to sell it now would the company pay 35% capital gains on the the difference between buying and selling price ( less expenses etc ) or would it be different because of the amount of time involved?
Peter

20

Rental Investor10th October, 2012 @ 22:40

I found this guide and it was exactly what I was looking for. The only problem is that it is relevant to the UK only and I live in America. Can anyone point to a guide of this caliber for American property investments?

21

Tony15th November, 2012 @ 20:17

Hi,
I have 3 properties mortgage free. Can I set-up a company with my wife & children as partners & put the properties in the company name. When my wife & I are deceased then the ownership would go to my children & they could divide the estate equally. How would that work please.

22

Jeremy15th November, 2012 @ 22:10

Hello Tony,

To answer your question: "Can I set-up a company with my wife & children as partners & put the properties in the company name" quite literally: You can do whatever you like, it's a free country.

A slightly more helpful answer would be fome to ask the thing you've not mentioned: Why do you want to do this?

When you die (sorry to be blunt) your estate is valued and death duties are based on the value of the estate, irrespective of the form of that value. So if you own three houses worth, say, £500k then that's your estate. If you own shares in a company which owns three houses worth £500k, then your estate is still worth £500k.

You can set the ownership of the houses to "Tenants In Common" in your will to allocate % shares they will receive.

Please rmemeber this post was created in 2007 and tax laws, rates and reliefs are a constantly moving feast.

23

Roger23rd January, 2013 @ 16:56

I think you need to get some professional advice and stop relying on internet forums for advice on tax avoidance!

Personally I find property investors a scurge on society and the above overly simplistic attempts to avoid paying tax laughable.

Good luck with it though and remember we are watching you!

24

Ben23rd January, 2013 @ 17:30

Roger, it's great that you find property owners a "scurge" on society.
Coming from the perspective of a landlord in the USA, I have to disagree with you 200%.

Investors are enabling cities to wake up. Investors fix broken windows and put families into vacant homes. Investors are giving tenants with bad credit a place to live, and often are giving them owner financing terms to become homeowners without a bank.

Property investors buying cash are working against banks and the government who have tightened lending standards after the big mess. The banks, governments, and financial companies set everyone up for failure, NOT the investors.

25

jeniffer stephnaie18th September, 2013 @ 06:38

"Hey could you tell the advantages and disadvantages of selling annuity? Is what given in this site http://sellstructuredsettlement4buyers.wordpress.com/2013/09/13/how-to-make-sure-you-get-the-best-price-while-selling-structured-settlements/ is right?"

26

Charlie Curran29th December, 2013 @ 21:24

I am based in Ireland and looking at buying property in the UK for Investment purposes.
Does anyone know if I set up a UK property company will UK and Irish revenue accept it as I am based in Ireland.
If I purchase in my own name I will pay 47% on profits in Ireland .If I buy under a company there is a substantial difference. Will revenue see it as avoiding tax ?

27

Charlie Curran3rd January, 2014 @ 18:51

I am based in Ireland and looking at buying property in the UK for Investment purposes.
Does anyone know if I set up a UK property company will UK and Irish revenue accept it as I am based in Ireland.
If I purchase in my own name I will pay 47% on profits in Ireland .If I buy under a company there is a substantial difference. Will revenue see it as avoiding tax ?

28

Primo9th February, 2014 @ 13:17

I have reached the 40% threshold, after creating a Ltd company where did you find the funding when transfering the properties; and at what gross income level does VAT need to be considered? Did you create the company offshore and have you had any funding issues?

29

Primo9th February, 2014 @ 13:27

To clarify I reside in the UK,with a gross rental income of 65+, and will purchase a further properties where gross income is 100+.
I want to reduce my tax liability by either setting up a UK Ltd company or an Offshore. Issues - funding where in the UK once you are a company does funding come from (I realise a bank!, its the initial step where a bank will facilitate the funding with no 1st yrs accounts for UK Ltd but also an offshore).

30

Charlie Curran19th February, 2014 @ 21:08

I Funding is more difficult for a company. I can only imagine you will get max 60% funding therefore you will have to use some of your own money to set up the company
My issue is whether Irish Revenue will agree to me setting up a UK registered company for UK property while I reside in Ireland on a permanent basis ?

31

Greg17th April, 2014 @ 10:47

It seems pretty simple to me. Say you have £100k to buy a property. Start a company with £1 share capital and make a director loan of the £100k to the company. Charge the company say 12% loan rate. take the rental income and service the loan to your self. When the loan is paid off, sell the company and use your entrepreneurs relief to pay no CGT on the increase in value.

Although I need to check that the company would be classed as a trading company for entrepreneur relief.

32

Greg17th April, 2014 @ 10:51

Sorry I should have added. That means no CGT, no income tax (well some on the interest) and if your building explodes and destroys the neighbourhood the damages are limited to the company.

Actually you could go one step further. Two companies, 1 to hold the asset and one to act as the landlord. Then the asset is safe as the landlord company would be liable.

As always, a proper accountant, lawyer etc should be employed.

33

bill2nd May, 2014 @ 09:47

have a house on large plot have obtained planning for 2 additional detached houses am considering selling whole package would I pay personal tax on all of the gain

34

David18th May, 2014 @ 13:05

Hi you talk about not getting capital gains relief but can you not use the indexation charts when you come to sell the property? which should keep pace with inflation.

35

bill18th May, 2014 @ 14:11

A letting company is not a trading company

36

Ahmed10th September, 2014 @ 15:13

Hi,

I have an investment property bought 10 years ago. If I were to form a Limited company and transfer the property, will it trigger any taxes i.e. CGT or IHT.

Please advise.

Thanks

37

Simon Wilkins13th October, 2014 @ 11:54

HI

Is the - The First £10,000 of profit is tax free
The first £10,000 of profit a limited company makes is free of tax!

Still valid

Simon

38

Jimmy Carr16th October, 2014 @ 22:20

Much better ways me thinks ;-)

39

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40

Moon river28th November, 2014 @ 14:12

The first £10k of profits is no longer tax free, all corporation tax is now at 20% on any profit.

If you are claiming interst on a loan then you have to declare this income on your self assesment form.

41

ZAMAN29th April, 2015 @ 05:36

Hi
I went to see an Accountant on ways to reduce my Tax liabilities on my rental properties,
He advised that if I were to open a PLC,
The properties would STILL REMAIN in my and my wife's name, but use the PLC AS A MANAGEMENT company,thereby paying only Corporation tax of 20%,
When I spoke to another accountant, he said it was NOT possible without first transferring the houses to the companies name, which would cost us thousands.
Can some person with experience please advise,

42

ADG31st July, 2015 @ 15:25

New petition started to request a review of the new changes to BTL taxation. Sign up here: https://petition.parliament.uk/petitions/104880

43

Catherine Grove2nd September, 2015 @ 20:30

We already have a limited company and we would like to buy a house through the business. The purchase price is more than the limited company can afford and we would like to sell our own house to loan money to the business to buy this house. If we did this we would have to sell our home and live in part of the company house and rent another part of it as a holiday let or full time lease. Is this possible?

44

Adam Hosker3rd December, 2015 @ 16:51

Good Article, but you need more disadvantages (https://goo.gl/3yzOEQ) your leaving me thinking Limited Company Buy to Let is the route to go.

One of the bigest disadvantages is that remortgage your equity growth and you will be taxed on it within a limited company and not if done personaly.

45

Marc K10th December, 2015 @ 17:22

I've been reading through comments, but wondered why no one is asking about the buy to let tax implications being phased in to 2020.

Mr Osborne’s tax attack is the removal of landlords’ ability to deduct the cost of their mortgage interest from their rental income when they calculate a profit on which to pay tax.
So very wealthy landlords who do not need mortgages are untouched but everyone else like myself who have mortgages on all their buy to let properties is in at the deep end.
By 2020 the current loan to rental calculations when working out how much we need to repay BTL mortgage and pay tax are now all wrong as the tax bill is substantially higher.
I was going to form a ltd company but there is now talk of the government introducing new legislation so that the tax payable will still be as high as if you were acting as a sole trader.
Apart from offsetting your tax against your partners taxable income has anyone found a tax efficient way of dealing with this problem?

46

Camila12th December, 2015 @ 10:51

Hi the UK tax system seems to be straightforward unless you are looking for a clear guidance. For instance setting up a LTD company in theory incurs only company tax at a current rate. But then there are dividends, directors SA, PAYE/NIC, pension etc... So in theory the easiest way for landlords is to be self employed owners with profit from lettings. However for all of those who do not want to mix-up private life with business LTD is the way to go - many people forget that you can't set up a LTD company as rental as such as you would have to transfer property under the company ownership which will incur Land of registry, duty tax, soliciting fees and loosing ownership to a new entity etc... What you could do is to set up a property management company which doesn't own the property but collects rent for the landlord. What I am investigating at the moment (any any light into this is much appreciated) is how to transfer funds back to the landlord. For instance I am collecting a rent from a tenant in a value of 1000pcm out of this I am paying corporation tax, PAYE, wages and other costs thus what remains is i.e. 100; so can I say to the tax man that as a landlords I am happy to receive only 100 out of 1000 or NIL balance because I can make drawings in a form of dividends? or would this be consider doggy to the taxman?

47

donna18th January, 2016 @ 00:32

not looking forward to the new stamp duty payable on buy to lets from 1st April. hurriedly to trying to complete on latest property by then. Why do all governments eventually try to ruin anybody who is trying to make a better future for themselves!

48

Pete22nd March, 2016 @ 15:45

Hi Landlord
Have you considered creating a new up to date post on the comparison between personal ownership and through a company?
It seems to be very relevant at the moment and I'm sure many of your followers would find it interesting.
Keep up the good work.
Pete

49

Luke3rd June, 2016 @ 14:39

Hello,
You said "The first £10,000 of profit a limited company makes is free of tax!"
But, according to the governments site, all profits are taxed at 20%. Could you please give me the legislation that shows evidence that the first £10,000 of profit is tax free?

Thanks!

50

The Landlord3rd June, 2016 @ 14:48

Hi Luke,
I need to update this blog post- that stopped a while ago!

51

Luke3rd June, 2016 @ 16:05

Thanks for your answer.
Would it be possible for me to ask you some specific questions in private, about an unusual situation?

52

steve thompson24th November, 2016 @ 17:53

I have had a buy to let since 1998 I purchased for 50,000 and sold this year 31st march for £172,500
I am a lower rate tax payer and have done a lot of repairs to the property over the years, aprox£ 30,000.
I did live in the property for a short while {6months} I wondered how much tax I will have to pay in Jan 17?
hope somebody can help

53

Mike2nd January, 2018 @ 17:08

Hi

Thanks for this blog post although it could do with an update!

I am about to buy my first property, I can't afford to buy in London so my thinking is to buy somewhere further North and start my property empire!

I am weighing up whether I am better off starting a company so that I may be able to get better tax offsets, however, it seems Government really wants to screw Landlords.

Buying through a company, not only would I lose HelpToBuy and the £300k free pass on Stamp Duty, but also I would be hit with an extra 3% stamp duty aplied to every level of Stamp Duty. So if I spend £250k I get hit for an eye watering £7,500.

On top of that it seems that BTL mortgages for companies require at least 25% deposit but more likely 40%, then there are mortgage arrangement fees of around £3k and maybe broker fees of £2k too.

All of this BEFORE I actually buy the property and have to make it suitable for renting.

I did consider getting this first property in my own name and using the allowances, but then there are issues with renting on a conventional mortgage. There is no way I can afford property in London despite earning £65k to £70k, so I am snookered. I should have bought 10 years ago, but I seem to be chasing affordability all the time.

I would appreciate any advice, to be honest I am thinking of forming a company outside UK and investing in property abroad. It seems that not only are tax options elsewhere better but deposits required are less. Has anyone here done that?

Can anyone suggest any online spreadsheets that help me do the finances; one from this site is very basic and just for expenses really.

54

Simon Pambin3rd January, 2018 @ 15:50

With a limited company, the risk to the mortgage lender is substantially higher so naturally they want a greater return and big enough deposit to shield them against a loss in the event of a downturn in the market and/or a forced sale.

If you buy a property on a residential mortgage with the intention of letting it out, you're committing fraud. Lenders are much more assiduous in looking out for that sort of thing since the last big crash and, if you're caught, you'll have a hell of a job trying to get a credit provider to lend to you ever again.

Is "somewhere further north" an area of the country you know well enough to make a good buying decision in the first place, and is it close enough to London to enable you to nip up and sort things out when your tenants have blocked the lavvy or whatever? If not, you'll need to factor in agents' managing fees, and the difficulty of finding an agent you can trust.

If you've just got a lump of capital that you don't know what to do with, you might do just as well sticking it in portfolio of equities and letting it do its thing. If you haven't got a lump of capital already saved up, then you'd be well advised to be cautious. There are tales on this site of landlords having to shuttle up and down from London to Halifax to look after a property that's losing money from month to month and still in negative equity ten or more years after the last crash.

55

Jeff26th February, 2018 @ 13:03

Mike,
You are 1000 percent correct UKPLC is screwing all landlords. You should think twice about becoming a landlord or doing any investment in the uk.
As you have saw over the last 30 years, almost everyone independent in retail is now practically finished, almost all high streets have been killed to death by large supermarkets.
The shopkeepers businesses were taken from them without payment, so they lost there goodwill and lost the property values. The councils should have adjusted all the rates valuations for those high streets which now only have about 25-30 percent of the business left on those street, however the corporation( government councils) did the opposite. So the high streets died of death and the council decided not to adjust the rates valuations to suit and for the last 10-15 years these high street have been dead. When they replaced the high streets with malls the malls should have taken over the rates payments to the councils but the government decided to say to the local retailers that if your premises is lying empty and nobody wants to rent it because the street has died of death we now want our rates money even if your shops are lying empty upto let. Basically they were building debt against the community business men then using the legal system to take your assets from you.
This then was done to small garages, nursing homes, fast food places, residential landlords.
The corporation has changed and is changing leglation where it is no longer viable for the wee man to do business. Anyone from old business who hold assets they will be stripping you of them as you can see by the legislation, there is a small percentage Of people who own properties outright thousands of properties, the aim is to make it non viable for you then you decide to sell up your portfolios, you will be subject to high taxes then who ever comes to buy your property will no doubt get a mortgage. The title deed will go to the banking system ( the real asset of real value) and the banks will hand out paper money with no value to the borrower, thereby taking in the real asset.
Eventually almost all will end up working for the corporations.
In the 80's they stripped the government infrastructure that the tax payer owned and transferred it to subsidiary companies of the world bank who own all the bonds of Europe( they own all of the countries and the governments are only answerable to them.
In the 90's they transferred all council housing stock which belongs to the tax payer over to companies called housing associations for pennies. At the Same time your bank notes used to Say pay the bearer on demand sterling silver which meant that all monies ( paper notes and coins) in circulation was backed by silver and gold, the people traded with paper and The banks held YOUR gold and silver. Without notification or debate or any news regarding the subject, the banks printed new notes saying pay the bearer on demand sterling. They removed the word silver, by in large stealing everyone real wealth. They also dereligionised the whole of Europe because God and consumerism are at the opposite ends of the spectrum, they did this through media.
And now you are being watched listened to in your living rooms, being tracked everywhere you go, your data is constantly being gathered.
They are not spending a penny on the people which is ironic because they collect approx. 80 percent of all your incomes through direct and indirect taxes. The councils are becoming less accessible, police station are closing at 5.30pm, schools are being shut all over, hospitals are being shut all over, the roads are a mess, councils are sanctioning benefits which is illegal they are still doing it, NHS is taking your house for payment of old age care which is also illegal, they are still doing it.
And when you die they take your pension which is a large pot of money that you have saved all of your working life and then they strip you of your assets all of which is tax payed.
Does this sound fare to you ?
The people are being deceived on a massive scale, because we are the ones that do all the work and we are the ones who generate everything. The governments don't put a penny in.
None of the above is my opinion, just observations over the years.
They are rolling out this consumer economic system throughout the world hence all the resistance from certain countries to stop it. We as consumers will become into debt ourselves through our own consumption fuelled by the bull that is show on our TVs.
They are talking about restricting the Internet and doing away with cash. When this happens God help us all.

A little introduction...

I initially started this blog because I wanted to document my every step to becoming a BTL landlord,
in hope that others' (with more experience) would discover my dronings and have the heart to help me - a beetle on its back - along the way. I literally didn't have a clue about being a landlord
when I started this website.

Having expanded my property portfolio over the years, I now occassionally blog about my bitter life as a Landlord, so fellow Landlords (prospective, new, and seasoned) can learn from my few successes and frequent failures.

Important

It's important you understand that this is a personal blog, and the aim is to provide the best
guides, tips, tools and techniques to being a Landlord. Everything I share is based on my own personal experiences as a landlord,
so the information is NOT guaranteed to be perfect, and should NOT be used as legal or financial guidance, so do note you use the information at
your own risk and I cannot accept liability if things go wrong. You should always seek advice from a qualified professional for any legal or financial matters.
Please use the links below for more information: